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Nov 9, 2012
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if you go off the fiscal cliff, the economy goes into recession the beginning of 2013. this is not a small matter. i think we have to address it. >> reporter: it will come down to these two men. the president expected to draw a line in the sand insisting on a massive tax hike for wealthy americans and republican house speaker john boehner now open to raising taxes in other ways. but he told abc news that tax rates should remain where they are. >> on the table, but through reforming our tax code. and i would do that if the president were serious about solving our spending problem, and trying to secure our entitlement program. >> reporter: most economists agree that reforming entitlement programs like medicare, medicaid and social security is necessary, but it would involve a grand bargain. it could take months or years to get that done. the deadline for congress just over seven weeks from now. if these cuts take effect, a congressional budget office report says unemployment could climb to above 9%. some entitlement programs such as social security and medicaid are exempt
if you go off the fiscal cliff, the economy goes into recession the beginning of 2013. this is not a small matter. i think we have to address it. >> reporter: it will come down to these two men. the president expected to draw a line in the sand insisting on a massive tax hike for wealthy americans and republican house speaker john boehner now open to raising taxes in other ways. but he told abc news that tax rates should remain where they are. >> on the table, but through reforming...
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Nov 8, 2012
11/12
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germany, the strongest and largest economy in europe, that is also slowing down. that sentiments was hurting us here as well. the sexers that sold the most were the financials, the banks and energy stocks. those are sectors that would have favored a romney presidency. so the obama rally became the obama sell offyesterday. and this morning, you might expect a huge rally because we had such a huge sell offin the prior session but we're up maybe 19 points right now on the dow, so small gain. >> all right. sneaking of small gains, wal- mart is trying to macsome small gains to bet people back in the stores and get them offline. tell us how it will work for black friday. >> take your thanksgiving pumpkin pie and just bring it to wal-mart because their doors are going to open at 8:00 p.m. on thanksgiving and that is when they will start to offer black friday door buster dealed. so -- deals. so starting at 8:00 and then more deals through the night. the best deals will be three items offer between 10:00 and 11:00 a.m. that is the window to get the apple ipad 2 to $399 wit
germany, the strongest and largest economy in europe, that is also slowing down. that sentiments was hurting us here as well. the sexers that sold the most were the financials, the banks and energy stocks. those are sectors that would have favored a romney presidency. so the obama rally became the obama sell offyesterday. and this morning, you might expect a huge rally because we had such a huge sell offin the prior session but we're up maybe 19 points right now on the dow, so small gain....
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Nov 9, 2012
11/12
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you have the rest of the regional economy which is so dependent on the federal government. we are talking about defense contractors and everyone el who does business with the federal government. this will be the first time today that the president addresses this so-called fiscal cliff since the election. in his address from the white house, the president is expected to urge congress to come up with some sort of deal to break this impasse or risk plunging the country into a recession. the president and congress must broke are a -- broker a deal by the end of the year to avoid the automatic spending cuts set to take effect. without an agreement, the nation will go back into recession and unemployment will climb above 9%. the president is not expected to provide a specific plan but will pressure congress to act. leaders on both sides they say want to work together. democrats want to let tax breaks expire for the wealthiest americans. republicans oppose hiking taxes but have opened the door to finding new revenue through tax reform. >> there is an altern i have to to going over
you have the rest of the regional economy which is so dependent on the federal government. we are talking about defense contractors and everyone el who does business with the federal government. this will be the first time today that the president addresses this so-called fiscal cliff since the election. in his address from the white house, the president is expected to urge congress to come up with some sort of deal to break this impasse or risk plunging the country into a recession. the...
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Nov 16, 2012
11/12
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with several civil rights organizations and other advocacy groups to get their input on fixing the economy. >>> we have an update now to an amber alert that we've been following all morning. 18-month-old alexis rose carwile and her mother, jennifer carwile, were found safe early today in prince george's county. alexis was first reported missing yesterday afternoon from halifax, virginia. police say the two were with this man, eric eugene black. he was arrested around 4:30 this morning south of richmond on i-95. carwile and black were supposed to hand over the child to social services this morning. >>> another big story we're following, an event honoring military veterans ends tragically. a collision between a train and a parade float in texas killed four people. 17 others were hurt. marianne rafferty with more now. >> reporter: a deadly accident on the streets of texas. police say a train collided with a float thursday afternoon in midland. it was carrying u.s. military veterans and their spouses. >> i saw the truck crossing the tracks about halfway across the gate started coming down. the
with several civil rights organizations and other advocacy groups to get their input on fixing the economy. >>> we have an update now to an amber alert that we've been following all morning. 18-month-old alexis rose carwile and her mother, jennifer carwile, were found safe early today in prince george's county. alexis was first reported missing yesterday afternoon from halifax, virginia. police say the two were with this man, eric eugene black. he was arrested around 4:30 this morning...